Britain’s fast-expanding franchise industry is set to create around 250,000 new jobs within the next 18 months, according to the country’s leading franchise development company.
The news comes as the latest edition of The UK Franchise Directory is published which lists over 1,500 companies seeking to open 75,000 new outlets across the country.
Franchise Development Services (FDS), which publishes the directory, says that in a time of recession there has been an increasing number of individuals seeking to become their own bosses by becoming franchise owners.
Roy Seaman, founder and Managing Director of FDS, says a wide range of companies are looking for expansion through franchising.
“We are currently working with 75 large companies wanting to expand their franchise network.
“For instance Subway, the fast food outlet, wants to expand their network from 1,500 outlets in the UK to 3,000 in the next three years.
“CeX Complete Entertainment Exchange, which specialises in trading digital entertainment products directly with the public, wants to double their 100 franchised outlets in the country as quickly as possible.
“And our research indicates there are as many as 250,000 people considering owning a franchise.
“Banks are much more willing to lend money to buy a franchise since they know that purchasers are moving into a proven business model and the odds on failure are nine to one against.
“NatWest/RBS have recently announced they have a £100 million fund to be made available to both companies seeking to expand by franchising as well as individuals who want to become a franchise owner, and they have special departments to offer advice.
“It is possible to become a franchise owner for as little as £10,000 whereas the larger retail brands can cost £250,000.”
FDS also has experts to handle enquiries from individuals considering buying a franchise and this department has recently experienced a vastly increased volume of calls.
For further information please contact Professor Roy Seaman at Franchise Development Services on 01603 620301, firstname.lastname@example.org or www.fdsfranchise.com.
Notes to editors.
FDS was established by Professor Seaman in 1981 and is the country’s largest franchise development organisation.
The latest edition of The UK Franchise Directory is the 24th and carries details of over 1,500 franchise opportunities together with advice from business people who have bought franchises and independent advice from banks and lawyers as well as a forward from Sir Bernard Ingham, President of the British Franchise Association (bfa).
The directory costs £25 and is available from book shops or direct from FDS post free on 01603 620301 or by visiting http://www.theukfranchisedirectory.net/page/subscribe.php.
This press release was distributed by ResponseSource Press Release Wire on behalf of Franchise Development Services in the following categories: Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.